A Person Who Assumes the Responsibilities of Providing the Children

question 141

Multiple Choice

A person who assumes the responsibilities of providing the children with personal care and managing the estate for them is called a(n) :

• A) beneficiary.
• B) executor.
• C) trustee.
• D) guardian.
• E) executrix.

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Definitions:

Alleviate Problems

The act of making a problematic situation less severe or more bearable.

Asymmetric Information

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power and potentially unfair outcomes.

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Cars that have been previously owned and have hidden defects not immediately apparent to buyers.

Potential Buyers

Individuals or entities that are considered likely or able to purchase a product or service based on their interest, needs, or financial capability.